Growing The Debt

The One Big Beautiful Bill Act raised the debt limit by $5 trillion, causing concern among fiscal experts as it's projected to add over $3.4 trillion to the national debt over 10 years.

The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government accumulating debt at rapid pace.

The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods.

The U.S. Treasury Department now accepts Venmo and PayPal donations to reduce the national debt, but even the maximum Venmo donation would only cover 18 seconds of debt growth.

Billionaire Ray Dalio warned the U.S. risks an economic heart attack within three years unless the federal budget deficit is reduced to 3% of GDP as deficits widen and the debt grows.

A CRFB analysis shows the Senate's tax bill could raise national debt to 126% of GDP by 2034, with deficits potentially projected to rise by $4 trillion according to the report.

Trump discusses plans to replace Federal Reserve Chairman Powell in a FOX Business interview, criticizing high interest rates as the U.S. faces refinancing $9 trillion in debt.

The Treasury Department faces the challenge of refinancing $11 trillion in U.S. debt within a year as President Trump calls for the Fed to cut interest rates to lower debt costs.

Treasury Secretary Scott Bessent is on Capitol Hill testifying before the House Ways & Means Committee hearing.

The One Big Beautiful Bill Act, backed by President Trump and Republicans, would add $2.3 trillion to budget deficits, according to a CBO estimate.

Moody's downgrade of the U.S. credit rating made it the third of the three major ratings agencies to downgrade U.S. credit since 2011 amid widening budget deficits.

Treasuries have historically served as a key safe-haven asset for investors, including foreign governments, while also helping the federal government finance its growing debt.

The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by spending on Social Security, Medicare and interest expenses.

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

Moody's said that the U.S. government's fiscal strength is deteriorating due to widening budget deficits and a growing national debt, a trend which is expected to continue.

U.S. Postmaster General Louis DeJoy announced his resignation from his post after nearly five years of running the postal service and amid financial turmoil.

President Donald Trump spoke to reporters aboard Air Force One on Sunday and commented that the U.S. debt may be smaller than thought because of unspecified fraud.

As President Donald Trump begins his second term in the White House, the country faces several key fiscal policy deadlines this year, including the debt limit and expiring tax cuts.

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.

Fitch Ratings released a report warning that Congress could struggle to raise or suspend the debt limit while also dealing with annual spending bills and an anticipated tax reform bill.